Salt Lake evening Democrat. [volume] (Salt Lake City, Utah) 1885-1887, 1887-02-04

trict, Idaho, has been finally sold to an
English company. The reported price is
81 ,250 900 ,one-half on receiving possession
OF the mine, the balance in sixty days.
Since the death OF Norton, discoverer and
owner, but little work has been done on the
mine. Tunnels had previously been run
on the vein to the extent of over 1000
feet. Cross-cutting showed the vein to
be over 20 feet wide. Exceptionally rich
gold ore was taken out as work pro-
gressed-so rich that hand-mortars were
brought into requisition and thousands Of
dollars resulted from the primitive pro-
cess. There is a large amount of good
paying ore on the dump, and the APP
pointment OF Nick Treweek, OF this city,
rs manager, by the new company, is a
guarantee that this magnificent property
will be economically and wisely worked
for all that it is worth.
The reduction works at Reno are now
| in full operation, and the company have
established the following schedule Of
rates
For milling ores they pay 80 per cent.
| OF the gold and silver in ores assaying 300
ounces ard under.
For ores assaying from 300 to 800
|
saying 500 ounces and upwards % per
cent.
Milling charges $l4 per ton. Silver at
the current rate Of discount.
For smelling ores they pay 80 per cent
Of the gold, silver and lead on ores carry
ing 80 per cent lead and under, and
charge $l4 per ton for reduction
For ores carrying over 30 per cent
lead they pay the same percentage ot
gold, and silver as above. and charge SIC
per ton ior working, For large lots still
lower rates will he made.
Ores sampled and paid lor as soon as
received, and sacks returned to the ship
per. There is no charge for sampling
and assaying. Railroad rates from any
point are furnished on application, and
are very low.
The Humboldt Mill q Mining Com
pany has incorporated for the purpose o
mining and reducing precious metals
purchasing, holding and selling mimi!
claims and lands, and operating, pur
chasing and selling mills and reduction
works in Humboldt county, Nevada. T
Henry and G. p. Moore, of Winnemucca
Nevada, L. G. Margetson and Stephei
Otis, of San Francisco, and j. M. Buffing
ton, of Oakland, are the directors. Tit
capital stock is $l0,00O000, divided int
100000 shares, of which each OF tn
directors hold five.
The news from the Mount Cory min
during the past week was most encour
aging, and gives promise of new DO
nanza in the Mount Cory Mining Dis
trict, Esmeralda county, Nevada. Unit
lately this mine was worked through
series of tunnels The formation is quit
soft and kindly, with heavy blue ella
walls on its north and south walls Tn
vein is true fissure, and at the 200-foo
level is over $50 feet in width. Outsid
: of the Comstock this is the largest fissur
vein in Nevada. The cross-cut on TIN
12O-foot level was extended A fee
from the shaft in southerly di
rection. At this point it passe
through 5l9 feet OF nice, firm, compac
looking quartz. Mr.. Ballard then turnet
the cross-cut into northeasterly drif
on this ore seam. The body of ore ha
r improved greatly as the drift goes east
: This drift is over forty feet in ore OF higl
grade. The average assays from the fac
1 of this drift was 1865 per ton, while tn
, car samples ran 1888. The proportion c
/ gold in the ore is small-not more thai
two per cent-but the ore carries a large
| quantity of native silver.